如何运用ETF进行流动性管理

Core Insights - The core demand for liquidity management tools for investors is immediate availability of funds, strong on-market liquidity, robust investment targets, and low transaction costs [1][2] - Money ETFs and bond ETFs are highlighted as superior choices for liquidity management due to their advantages [1] Group 1: Liquidity Management Applications - Cash asset investment can enhance portfolio returns by investing in bond ETFs or money ETFs, which generally offer better liquidity and expected returns compared to cash assets [1] - Flexible position adjustment can stabilize net asset value by selling part of equity assets and buying fixed-income ETFs during market volatility [1] Group 2: Efficient Fund Integration - ETF repurchase agreements allow investors to efficiently integrate funds by pledging bond ETFs without needing to sell them, facilitating leverage strategies and optimizing fund allocation [2] - Borrowing funds to buy ETFs can reduce borrowing costs, as many brokers have included various bond ETFs in the range of investable assets for borrowed funds [2] Group 3: Additional Liquidity Management Strategies - Bond ETFs and money ETFs typically offer higher liquidity than individual bonds or cash instruments, allowing investors to flexibly liquidate assets with lower transaction costs [2]